Wings Magazine

Economic Minister sees Canadian aerospace opportunities in Iran

Federal Economic Development Minister Navdeep Bains says he hopes Iran’s growing appetite to purchase hundreds of civilian aircraft on the world market translates into an opportunity for Canadian aerospace, but the Trudeau government hasn’t said when or how Ottawa might roll back economic sanctions on Tehran to make this possible.

January 19, 2016  By The Globe and Mail

Foreign Minister Stéphane Dion would only say the government does not want to leave Canadian companies at a disadvantage, but he’s not yet revealing how broadly Canada will act to repeal barriers to trade with Iran, a country of 80 million.

The U.S. and the European Union have just lifted many sanctions against doing business with Iran after United Nations inspectors verified Tehran is complying with an accord to curb parts of its nuclear program. The Trudeau government is now confronted with the risk that Canadian companies will be left behind in the rush to sell to Iran. | READ MORE


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